LESSON 4: INTRODUCTION OF AN ENTERPRISE BUSINESS PLAN Let us recall what you have learned from the previous module. Using a Venn Diagram, compare and contrast the primary sources and secondary sources which we use in generating data for our business. You can use examples for each as wellI. Primary Data Source Secondary Data Source
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A: Customer service entails more than just resolving issues and closing tickets. Customer service today...
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A: Every company requires lots of capital and other resources for its growth and daily operations. Smal...
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A: The disposable income of an individual is what remains with him after he pays all the taxes to the g...
Q: Crest 3D whit consumer's e: Customer
A: Marketing is the fulfillment of the needs of consumers through the right product and right price, ke...
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A: 1) Food, clothing, and a place to stay. These are referred to as basic wants or needs. There are a f...
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A: The manager must be very careful while planning the menu. Many factors are needed to be considered w...
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A: Manufacturers procure raw materials from the suppliers. They then perform the different production p...
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A: Position the brand in the customer's consciousness before the sale: Apple's "Think Different" campai...
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A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts fo...
Q: Which measures the changes in the prices of a "market basket" of some 100 goods produced by typical ...
A: In the given multiple choice question, we are provided with an incomplete statement that says:- "Whi...
Q: To what extent is the Spanish language usedby American Hispanics? How do language andacculturation a...
A: Unless we identify the part of speech, we would not be able to understand the depth of the interacti...
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A: In the given multiple choice question, we are provided with the information regarding, Nivia, offeri...
Q: Why do marketers use perceptual maps in product positioning decisions?
A: Branding and Positioning in marketing are two elements that are helpful for making product stand dif...
Q: How can a marketer use knowledge of how familymembers seek to resolve conflicts?
A: A method that permits two or more parties to work out a peaceful solution to a problem is known as c...
Q: What are the three basic functions performed by intermediaries?
A: Distribution channel guides the delivery and networking system of the business. The process deals wi...
Q: How does product life cycle affect strategy?
A: The product life cycle is the distance of time from when a product is begin introduced to the custom...
Q: 2-3. What is the meaning of an organization’s mission?
A: An association of individuals assembled to perform something, which could be a business organization...
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A: The sales staff is one of the most important aspect of running a business successfully. Their motiva...
Q: What are the five categories of product adopters in the diffusion ofinnovations?
A: Adopter Categories- Adopter categories separate customers into segments on their willingness to try ...
Q: Which type of survey provides the greatest flexibility for asking probing questions: mail, telephone...
A: Market research is very important for any customer related activity. There are various methods of ma...
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A: The idea, execution, and analysis of conventional and total quality management vary. administrators ...
Q: Discuss effective communication and interpersonal skills including compassion, dignity, and respect
A: Business communication is the process through ideas, opinions and information is exchanged inside th...
Q: What is the difference between the demographic and behavioral basesof market segmentation?
A: Segmentation is the performed by marketing team where they have to identify their target customers. ...
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A: The physical surrounding and settings in which we live are referred to as the environment. Regrettab...
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A: In the expert world, globalization has a giant effect on agencies and the way merchandise is markete...
Q: 2-2. What are examples of a functional level in an organization?
A: A functional strategy is associated with the organization's several functional areas. Operations and...
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A: Typical marketing organization has to divide its organizational structure into several groups or cat...
Q: What Is Marketing Research?
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A: Mass Media - Simply explained, mass media is a technology that is used to communicate with or reach ...
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A: Distributors have a very important role to play in the development of business. They have to supply ...
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A: The business strategy outlines how organizations must be carried out to reach the desired ends. Busi...
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A: Centralised money system is where money is created and monitored by the central system like Central ...
Q: Service inseparability means that the quality of services depends on who provides them, as well as w...
A: Marketing of services is also an important aspect. There are various which help in deciding the cour...
Q: Describe four uniqueelements of services.
A: A service can't be claimed, nor would it be able to be put away similarly that an item would be able...
Q: The process of segmenting and targeting markets is a bridge betweenwhich two marketing activities?
A: introduction:- Even now the greatest product isn't enough to make a sale. Each firm must engage in s...
Q: Describe how technological changes can affect marketing.
A: Technology in modern world has increased upto a greater extent. There are many technological innovat...
Q: Summarize the household life cycle’s variousstages and marketing implications
A: Household life cycle and marketing are related to each other. Household life cycle is also known as ...
Q: Advertisement sales and marketing concept Identify and explain a moral or ethical issue explicitly ...
A: Advertising ethics and morals refer to how corporations or brands conduct themselves and interact wi...
Q: What are the six stages in the personal selling process?
A: Personal selling process involves selling of a product directly to a customer. Here, salesperson dir...
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A: Every company attracts lots of shareholders only if it grows strongly. When a company grows, it's pr...
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A: Bring your own device(BYOD) concept refers to the trend of employees using personal devices to conne...
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A: A consumer is a person who purchases a good or a service for personal use based on personal tastes, ...
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A: The correct answer is option 4) Augmented level
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A: generic business strategies is comprised of 3 broad strategies: price leadership, distinctiveness, i...
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A: Industry comprises of various firms of a particular product. "Industry-leading" firms are the more p...
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- a. With reference to the business model canvas (as discussed in class), illustrate how the nine (9) elements interact in ascertaining how a business can sustainably generate revenues.There are so many avenues through which the concepts of strategic management could be appliedin real life.Required: a. With reference to the business model canvas, illustrate how thenine (9) elements interact in ascertaining how a business can sustainably generaterevenues. b. Using an organization of your choice, practically demonstrate your understanding of theorganization’s business model.Create an Operational plan Your operational plan should include key processes,structures and strategies involved in the transformation ofinputs into outputs. Where possible, a transformationmodel may be used to demonstrate this process. Thebusiness approach to planning and management ofproduce and services may also be included
- The Business Model Canvas developed by Osterwalder and Pigneur (2010) is a valuable framework for summarising strategy for online businesses. Examine five of the main sections of the canvas and arrange these in a logical order.1.The description of how different levels and employees in the organization must perform for the organization to achieve its goals is a:A)business-level strategy.B)business model.C)mission statement.D)balanced scorecard.E)None of the above. 2.Which of the following statements regarding multiple measures or a single measure of performance is not correct?A)The advantage of using branch profits to evaluate branch mangers is that profit is relatively simple to compute and reflects the organization's ultimate goal.B)The use of multiple measures can influence branch managers' decisions by changing the components of the performance measurement system to reflect changes in the firm's strategy.C)If the branch managers are more knowledgeable than the corporate staff about local conditions and what local clients value, a single measure could be preferable.D)If the corporate office has better knowledge of what it requires to operate a profitable branch, using multiple measures provides a way to…Please write your answer in the form of report for these two theoretical questions. Your Report should have the proper structure: Introduction, Main Body and Conclusion. Your discussion for each question should be around 600-650 words. There is no right or wrong answer for these two theoretical questions. The academic reference is required for both questions. Note: If you fail to follow the above instructions, the penalty will apply. Please answer the following questions: a) Many academic scholars believed that‘The balanced scorecard (BSC) is the best strategic planning and management systembecause it takes non-financial measures into consideration.’ Required: Critically discuss the above statement with reference to academic literature. In your discussion, you should also refer to Kaplan and Norton BSC model (1992) below. Refer Screenshot b) ‘Investment appraisal techniques primarily meant to…
- describe the business model for three different organizations, namely a typical brick-and-mortar fashion retailer, a click-and -mortar high-street fashion retailer like Zara, and a pure-play e-commerce store like Boohoo. You should include all EIGHT (8) components, but you may indicate “Not applicable” in case they are not relevant.“The market opportunity for notebooks is $x billion and is expected to grow at y% per year for the next z years.” This states shows that the market opportunity of notebooks. Some people might think that we should take the chance, expand our business and be the Milliner. Sometimes they say, “No risk No gain” or “Be an Entrepreneur-be your own Boooooss”. As we learned about the key factors of business model, we should think about other challenges. Task: Mention only one key element and discuss in short why this key element should be considered before starting the business of notebooks.The following are the benefits of financial module except: Select one: a. Automate financial and managerial accounting and financial supply chain management b. Provide rigorous support for financial reporting and such corporate governance mandates c. Gain deeper financial insight across the enterprise and tighten control of finances d. Ensure compliance and predictability of business vision.
- “Companies who want growth are required to innovate both in termsof quantity and quality of information systems”. Briefly explain FIVE (5) ways in which the informationsystems (IS) department serves their organisation.Ma4. JE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false. 1) A company's business section of the annual report provides vital information about the company's products, its marketing and promotion, sales and distribution strategies, product design and development, manufacturing and quality assurance, and inventory management. 1._______________ 2) Learning about what's happening in the industry, markets, general economic conditions, trends in product development, and specific company strategies puts a company's numbers in context and helps you understand why they turned out as they did. 2._________________ 3) Accounting data should paint a picture of the results of implementing a particular business strategy by a company. 3._______________We do a business model study because... How do we perceive our business solution? Will this provide us with information that is beneficial to our organization?